@0xdef1
0xdef1
3 years
Note: As liquidity builds up in there, I'd expect those numbers to come down to parity with the other Onsen farms.
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@0xdef1
0xdef1
3 years
In case you are wondering what this is. 1/ If you lock CRV tokens in the Curve DAO, you get back veCRV tokens. The longer you lock, the more veCRV tokens you get. Those veCRV tokens let you claim a portion of the admin fees generated by *all* Curve pools
@yearnfi
yearn
3 years
yveCRV vault is back – this time with 🍣 on top.
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@0xdef1
0xdef1
3 years
2/ The yveCRV vault takes your CRV tokens, and essentially locks them forever, but still allows you to claim your share of those fees
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@0xdef1
0xdef1
3 years
3/ The "38% more" above comes from the mutually beneficial relationship between yveCRV and the other CRV auto-farm yearn vaults like y3crv. The yveCRV locks CRV to boost returns of the auto-farms, and the auto-farms lock some CRV which gives more veCRV to the yveCRV vault
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@0xdef1
0xdef1
3 years
4/ But in the yveCRV vault, your principal is locked up...forever. That's where the WETH-yveCRV pool comes in. At any point, you can swap your yveCRV for WETH and get your principal back (assuming market price for yveCRV stays near CRV)
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@0xdef1
0xdef1
3 years
5/ And at the moment, the Sushi team has added some ridiculously high incentives in the form of SUSHI token rewards for providing initial liquidity in that pool
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